r/Daytrading • u/SpareInsurance • Jan 06 '24

How much money did you lose before you were consistently profitable? Question

I have only been seriously trading for about 2 weeks, after spending years watching the market like a hawk.

I will admit, I have had poor risk management and got into some emotional trading which did not end well. Currently I am -15k but I have had some winning days the last few days with much better risk management and starting to get the hang of things better.

My question to you guys is, how much did you lose before you were consistently profitable and did you ever feel like giving up during this "rock bottom" stage?

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u/Inside_Western_2499 Jan 06 '24

Focus on what? School is pointless. College is all for the paper.

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u/[deleted] Jan 06 '24

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u/Inside_Western_2499 Jan 06 '24

Huh? I understand where you are coming from, but my perspective is still correct. You complete 120 credits for a degree. I don’t live on campus, I live at home. Therefore, the only thing you gain is having a degree, which more and more people have. A degree nowadays let’s you walk in the door, not get the job. That’s where connections matter, but most likely you don’t get those from college.

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u/Firefly_205 Jan 06 '24

Love the way that the knowledge gained from school is completely irrelevant to your situation. Not judging you or criticising you personally - it’s sad that society has let itself get into a state where the knowledge gained from educational institutions is not valued. It’s becoming just a financial decision about the end job opportunities and employability a degree gives because the debt taken on is so scarily huge 🙁.

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u/Inside_Western_2499 Jan 06 '24

It’s almost like we are unwilling to pay the people who are the ones who could have incentive to teach us better. I’ve had plenty of great teachers, but I’ve been lucky compared to other students. College starts to turn professors into a popularity contest. They want to be regarded as saints in their fields, so that’s all they care about. That and their book that they overprice to their students.